Jason Furmana key figure in the 44th US president Barack ObamaThe Trump administration posed questions to X about the logic behind the tariffs. What happened:The query arises in response to the former president Donald TrumpTrump's recent promise to impose tariffs of up to 20% on all imports and up to …
Goldman Sachs GS faces a potential pre-tax hit of nearly $400 million from the sale of its General Motors Managing director credit card portfolio and a smaller unrelated business. What happened:Goldman has been in talks for several months with GM and Barclays PLC CSC Barclays has been reluctant to accept …
In his first debate for the 2024 elections, the vice president Kamala Harris He criticized the former president Donald Trump for severe unemployment during his tenure, as well as for his economic policies and his handling of the COVID-19 pandemic. What happened“Donald Trump left us with the worst unemployment since …
Advanced Micro Devices, Inc. AMD Executive Director Lisa Su highlighted the start of an artificial intelligence supercycle during Goldman Sachs' Communacopia & Technology Conference on Monday. What happened:Su highlighted that AMD has accelerated its AI roadmap, aiming to launch new AI chips annually. The company plans to introduce the MI325 …
Renowned economist Peter Schiff has issued a stark warning about the US economy, suggesting that Federal Reserve rate cuts will not prevent a recession. What happened: Peter Schiffa well-known gold defender and critic of Bitcoin BTC/USDhas issued a warning about the US economy. According to a post on X, Schiff …
Eli Lilly and company. Lia has appointed Lucas Montarce as Executive Vice President and Chief Financial Officer, effective immediately. What happened:Montarce, who joined Lilly in 2001, has held numerous financial leadership positions. His roles include group vice president, corporate controller and chief financial officer of Lilly Research Laboratories; vice president …
A tentative labor agreement between Boeing Company bachelor of arts and one of its largest unions has left many workers dissatisfied, ahead of the crucial vote. What happenedThe International Association of Machinists and Aerospace Workers, which represents more than 32,000 employees in the Pacific Northwest, announced the deal with Boeing …
US antitrust authorities have reportedly launched a preliminary investigation into NVIDIA Corporation. NVDA about its potential dominance in the artificial intelligence chip market. What happened:The Justice Department's antitrust division has contacted Nvidia to ask about its contracts and partnerships, The Wall Street Journal reported on Sunday, citing people familiar with …
Betsey StevensonFormer Chief Economist during the 44th term of the US President Barack Obama The Obama administration warned of possible inflation in food prices if undocumented immigrant farmworkers are deported. Its comments came in response to concerns raised by Robert Zubrin. What happened:Stevenson, who served on President Obama’s Council of …
Amid concerns about the US labor market, Treasury Secretary Janet Yellen has reassured the public about the resilience of the economy, despite recent weak jobs reports. What happenedYellen assured the public that the U.S. economy is in solid shape, despite recent weak jobs reports. Speaking at the Texas Tribune Festival …